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Erdogan's Party to Send Cash to 12 Million Turks Before Election
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia May 02, 2018 10:56pm |
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| Category | News |
| Author | Benjamin Harvey |
| News Date | Tuesday, May 1, 2018 11:25:00 AM UTC0:0 |
| Description | More than 12 million Turkish retirees, or about 15 percent of the total population, will get a check in the mail from the government a week before elections on June 24.
The ruling party says the payment will be the first of two tied to national holidays, yet to many they look more like a blatant and expensive effort to buy support for President Recep Tayyip Erdogan, who’s seeking to extend his 16 years in power. The two payments of 1,000 liras each ($244) will cost Turkey an additional $5.9 billion by year.
But it doesn’t stop there. Prime Minister Binali Yildirim announced the windfall for retirees after a cabinet meeting on Monday as one of a raft of measures that’ll forgive debts, erase interest payments, restructure fines, taxes and social security obligations -- and cost the government a fortune. Yildirim didn’t provide a breakdown of the estimated costs. |
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